Oracle Cuts Credit Line For PeopleSoft

Oracle on Tuesday disclosed that it had slashed its credit line with banks to $1.5 billion from $5 billion but said that it still had plenty of money to buy PeopleSoft, which it's trying to grab for $7.5 billion.

Oracle on Tuesday disclosed that it had slashed its credit line with banks to $1.5 billion from $5 billion but said that it still had plenty of money to buy PeopleSoft, which its trying to grab for $7.5 billion.
Read the full story at the Boston Globe.